$2,909 Closing Credit*
$245,000
1,275 SqFt
2 Beds
•1 Full Bath
Listing Office: National Realty Guild
Is 55358, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 55358 has remained a Seller's Market.
Key Takeaway
55358 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55358, MN
How much do homes in 55358, MN cost?
Median Sold Price
$318,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,500(+3.4%)
Key Takeaway
Homes in 55358 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 55358 was $318,000 in October 2024, up 3.4% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $527K | $210K | -60.2% |
| 2 Bedrooms | $302.4K | $298.6K | -1.3% |
| 3 Bedrooms | $279.9K | $322.4K | +15.2% |
| 4 Bedrooms | $334.9K | $547.5K | +63.5% |
| 5+ Bedrooms | $315K | $585K | +85.7% |
Summary: 55358 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60.2%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 63.5%, and 5+ bedroom homes increased by 85.7%.
Housing Supply in 55358, MN
How many homes are available in 55358, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 31 | +6.9% |
Summary: The 55358 real estate market had 31 homes for sale in October 2024, a 6.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 55358 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 9 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55358, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 55358 in October 2024, up by 200.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for 55358, MN
How long does it take to sell a home in 55358, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 26 Days | +43.1% |
Summary: Homes in 55358 had an average of 26 days on market in Oct 2024, up by 43.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55358 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 55358; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
